National Credit economics

Why politics never delivers on the economy!

All political parties are in a bit of a stupor these days. And there is a reason for it. They have been mesmerised by the false prophets of finance and have come to accept the lie known as TINA – there is no alternative.

Even the BBC admits prospects looks worse for each following generation.

We talk about the economy like it is beyond our control. All we can do is tweak it here and there and hope for the best.

We go through the pseudo-magic rituals of government budgets, grant funding, regeneration programmes, regulation tweaks, and trade missions in hope that things may improve.

But they never do. It just slowly gets worse.

The problem, in a nutshell

We suffer unemployment, income insecurity and deprivation because all our money is being vacuumed up by a rogue financial system out of control.

This parasitic financial sector not only creates all the money out of thin air – but then lend it out with interest attached.

This is how the banking sector operate a private money creation tax on virtually the entire money supply.

And due to the nature of compound interest, the burden of this private tax on the money supply never stops increasing.

The result is less money in the real economy – the economy where the vast majority of us depend on for an income.

To ‘make ends meet’ we have to “borrow” (which is to allow private banks to create more debt that has to be paid back with interest – at virtually no cost to the banks).

Hence we all fall deeper into debt-slavery each year – just to keep the rotten system ticking over.

In media-speak it’s called “economic growth”. The debt-based money supply must grow just to just to cover the increasing cost of the money racket.

The euphemistically named “1%” are largely composed of the bankers, bond holders, and market manipulators. They rake in vast quantities of unearned income every day – for their benefit and our collective loss.

The problem is that we have allowed a small group of bankers and bondholders to create and control our collective money supply for their profit – and our loss.

The only debt-free money is notes and coins, only making up 3% of our money supply. The other 97% is owed to the “1%”.

Hence we now owe more money than even exists.

If we took all the money in the economy, public and private, and used it to pay back our debts, there wouldn’t be a single penny left in the economy – and we would still be in debt!

Hence our collective debt is mathematically unrepayable.

It is a system that, if left unchecked, will drive us all into deepening poverty while the gap of wealth between 1% and the 99% grows.

Our living standards will continue to deteriorate while the Billionaires become Trillionaires.

It will continue on until the whole system collapses, possibly violently.

These facts cannot be disputed. The figures are available on the Bank of England’s website.

It is a mathematical certain outcome of an economy that relies on debt for its money supply.

This fact is still misunderstood or ignored by our political and business elites – for now.

Some people have termed it debt-serfdom to financial overlords – or neo-feudalism

How has this been allowed to happen?

The root of the problem is simple. But there is an entire industry and university courses designed to make appear far more complex and impenetrable than it is.

Although simple to understand, most people in politics and business are trained not to see it.

Politicians allow themselves to get boggled down in high finance techno-jargon designed to hide the obvious.

The most recent survey of Westminster MPs in 2017 revealed that around 85% of them didn’t even know where money comes from – let alone the dire results created by allowing an economy’s money supply to be based on debt.

Even many economists are unclear on how the money system works. You can get an entire economics degree without being taught that now money IS debt. Economists study flows of money, not its nature or origin.

Yet it’s this unjust and dysfunctional money system that our entire economy is based.

It is a giant Ponzi scheme that can only end in collapse.

So how can we fix it?

Money is just an accounting system. Nothing more, nothing less. To re-establish an economy that works for everybody we simply have to alter some monetary system mechanisms.

In short, we have to transform the money supply from private debt to social credit. Two little changes to financial regulations can do it.

First we prohibit private banks from creating debt-money out of nothing (which is then owed back to them, with interest). They would have to return to lending out money that already have, or borrow it from the state if they need more.

Secondly we create a publiclly-owned central bank to sufficient supply enough debt-free currency for the economy to operate at its optimum state.

Full employment would return along with increased wages.

Cost of living would also be significantly reduced, once the unearned private tax (interest on the money supply) is removed.

The 1%, accustomed to many millions a day in unearned income, may squawk, take tantrums and issue threats . But let them. Their power and privilege is unjustifiable in a democratic society.

The bank-controlled finance sector is like a growing tumour gorging itself on ever increasing tributes – while starving the real economy built and maintained by ourselves.

It’s time the real wealth creators – we who work and contribute to society – reclaim our share of the common wealth.

It’s the right and democratic thing to do.

Liabilities of the current debt-based economy

There are many short-term and long-term negative effects from basing an economy on debt.

Below are just a few examples:

Need for perpetual growth, just to avoid collapse

perpetual growth on a finite planet – collective suicide in the longer term

the financial growth is confined to the fortunes of the 1% – while the rest of us get poorer.